Re:Bill Gross – Banking/finance “permanently damaged” [pdf]
by techdragon on Thursday March 03, 2016 @08:07PM
(#11221323)
Paying your dues is just the finance industry version of the "apprentice" phase in the traditional "novice, apprentice, journeyman, master" trade progression that has persisted in various forms for centuries now.
Re:Bill Gross – Banking/finance “permanently damaged” [pdf]
by loup-vaillant on Friday March 04, 2016 @03:27AM
(#11222652)
Apprenticeship is no reason to work insane hours, no matter the trade.
In French, "paying one's dues" spells "faire ses preuves", meaning, prove one's worth. That way no one is tricked into believing they owe anything to their employer. Sure, it's only an idiomatic phrasing, we don't think of the debt any more. Yet I'm sure it wasn't so at first, and I'm sure the idea lingers.
Like the Japanese saying "sumimasen" (forgive me, excuse me) to say "thank you" in some circumstances.
Ah, the lovely "dog eats dog" story… We're humans, though, we should do better than that.
Now in practice, the winner is the one who wield the bigger guns. Meaning, the US will put its army where the oil is, though not before having talked of weapons of mass destructions, a dictator, terrorists, or whatever.
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Globalization or not, machines are eating our work. A good thing if you ask me: we don't want more work, we want less. People who ask for work don't give a shit about spending all day doing a thankless job. What they really want is dignity (there is shame in unemployment) and money.
Now the lucky few that love their jobs… more power to them. The rest of us would rather work 3 days a week instead of 5 if it didn't mean losing so much of their income.
> for a lot of businesses, that wouldn't work, especially when people choose to work long hours for high pay, which is common in finance.
In finance, long hours are not exactly voluntary, they're expected. Moreover, you don't get the high pay right away, you have to "pay your dues" first —as if you owed you employer for the privilege of being hired.